BELPLAY GAMES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BELPLAY GAMES
Largest movements
- Cash -€69,382
down €69,382 (-87.1%), from €79,636 to €10,254
mainly Net result for the year (-€118,838) and Tax, wage and social debts (-€5,672)
- Receivables within one year -€41,900
down €41,900 (-15.6%), from €268,574 to €226,674
of which Other amounts receivable: -€48,000
- Tangible fixed assets -€12,896
down €12,896 (-37.7%), from €34,211 to €21,315
of which Furniture and vehicles: -€7,996
- Profit (loss) carried forward -€118,838
down €118,838 (-84.8%), from €140,204 to €21,367
- Tax, wage and social debts -€5,672
down €5,672 (-8.9%), from €63,582 to €57,910
of which Remuneration and social security: -€6,282
- Gross operating margin -€146,959
down €146,959 (-94.8%), from €155,049 to €8,090
- Other operating charges +€83,448
up €83,448 (+380%), from €21,964 to €105,412
- Write-downs -€75,048
no longer reported in 2025 (was €75,048)
- Depreciation -€15,078
down €15,078 (-51.3%), from €29,402 to €14,324
- Staff costs -€9,347
no longer reported in 2025 (was €9,347)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,856 | €311,787 | -€124,069 | -28.5% |
| Fixed assets | 21/28 | €60,381 | €48,657 | -€11,724 | -19.4% |
| Intangible fixed assets | 21 | €3,871 | €2,442 | -€1,429 | -36.9% |
| Tangible fixed assets | 22/27 | €34,211 | €21,315 | -€12,896 | -37.7% |
| Furniture and vehicles | 24 | €20,516 | €12,520 | -€7,996 | -39.0% |
| Other tangible fixed assets | 26 | €13,694 | €8,794 | -€4,900 | -35.8% |
| Financial fixed assets | 28 | €22,300 | €24,900 | +€2,600 | +11.7% |
| Current assets | 29/58 | €375,475 | €263,130 | -€112,345 | -29.9% |
| Amounts receivable after more than one year | 29 | €25,500 | €25,500 | = | 0.0% |
| Other amounts receivable | 291 | €25,500 | €25,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €268,574 | €226,674 | -€41,900 | -15.6% |
| Trade receivables | 40 | €77,074 | €83,174 | +€6,100 | +7.9% |
| Other amounts receivable | 41 | €191,500 | €143,500 | -€48,000 | -25.1% |
| Cash at bank and in hand | 54/58 | €79,636 | €10,254 | -€69,382 | -87.1% |
| Deferred charges and accrued income | 490/1 | €1,765 | €703 | -€1,063 | -60.2% |
| Total equity and liabilities | 10/49 | €435,856 | €311,787 | -€124,069 | -28.5% |
| Equity | 10/15 | €355,664 | €236,827 | -€118,838 | -33.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €195,000 | €195,000 | = | 0.0% |
| Distributable reserves | 133 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,204 | €21,367 | -€118,838 | -84.8% |
| Amounts payable | 17/49 | €80,192 | €74,960 | -€5,231 | -6.5% |
| Amounts payable within one year | 42/48 | €80,192 | €74,960 | -€5,231 | -6.5% |
| Trade debts | 44 | €15,987 | €16,472 | +€484 | +3.0% |
| Suppliers | 440/4 | €15,987 | €16,472 | +€484 | +3.0% |
| Taxes, remuneration and social security | 45 | €63,582 | €57,910 | -€5,672 | -8.9% |
| Taxes | 450/3 | €57,300 | €57,910 | +€609 | +1.1% |
| Remuneration and social security | 454/9 | €6,282 | - | -€6,282 | |
| Other amounts payable | 47/48 | €622 | €579 | -€43 | -7.0% |
| Remuneration, social security and pensions | 62 | €9,347 | - | -€9,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,402 | €14,324 | -€15,078 | -51.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,048 | - | -€75,048 | |
| Other operating charges | 640/8 | €21,964 | €105,412 | +€83,448 | +380% |
| Gross operating margin | 9900 | €155,049 | €8,090 | -€146,959 | -94.8% |
| Operating profit (loss) | 9901 | €19,288 | -€111,647 | -€130,935 | |
| Financial income | 75/76B | €370 | €370 | = | 0.0% |
| Recurring financial income | 75 | €370 | €370 | = | 0.0% |
| Financial charges | 65/66B | €3,007 | €6,951 | +€3,944 | +131% |
| Recurring financial charges | 65 | €3,007 | €6,951 | +€3,944 | +131% |
| Profit (loss) for the period before taxes | 9903 | €16,650 | -€118,228 | -€134,879 | |
| Income taxes | 67/77 | €3,575 | €609 | -€2,966 | -83.0% |
| Profit (loss) for the period | 9904 | €13,075 | -€118,838 | -€131,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,075 | -€118,838 | -€131,913 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.